India needs to change if it wants to lure manufacturing from China
Regulation has become more unattractive and unpredictable under Narendra Modi
Modi's government has failed to address the problem of tax uncertainties that continue to haunt investors.
© Hindustan Times/Getty Images
Ritesh Kumar Singh is chief economist of Indonomics Consulting and a former assistant director of the Finance Commission of India.
As China's factories shut down during the coronavirus pandemic, global supply chains running through them collapsed -- and other countries realized they had become too dependent on one country.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapterFind out more
Free access for everyone - Sep. 30